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When transferring short positions between accounts, how do I correct the cost basis?

DaveFry

The Move transactions option moved all long positions perfectly, but I had to manually use 'add' from the old account and 'remove' from the new account to enter the positions. Cost basis is not entered in the 'removed' positions. How do I fix this?

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Accepted answers

Sherlock

Cost basis is established when we acquire shares. I suggest you enter ShrtSellX action transactions with a self-referencing transfer account to establish the short holdings in the new account in place of the Removed action transactions.

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Sherlock

DaveFry

That helped a lot. Thanks.

PeterHoltan

https://community.quicken.com/discussion/comment/20131459#Comment_20131459

Similar issue here, except I'm using Quicken for Mac. If you enter a short sell transaction, you have to negate the proceeds otherwise your cash won't balance. And what do you mean by "a self-referencing transfer account?" Thanks.